Williams and Williams Partners L.P. Fourth Quarter 2013 Earnings Alan Armstrong, Chief Executive Officer February 19, 2014 2013 The Williams Companies, Inc. All rights reserved.
Alan Armstrong Chief Executive Officer Williams and Williams Partners L.P. Fourth Quarter 2013 Earnings 2013 The Williams Companies, Inc. All rights reserved.
Continued growth in fee-based revenues more than offset decline in NGL margins WPZ 4Q WMB 4Q Adjusted Segment Profit + DD&A Strong performance Distributable Cash Flow 509 728 million, up 53 million, million up 104 million, or 8%…
WPZ: Expect 50% DCF growth - 2015 vs. 2013 Expecting 2014 DCF of 2.2 billion to 2.5 billion Expect an increase of 450 million to 700 million vs. 2013 Earnings and DCF are unchanged from prior guidance Updated commodity-price…
2014-2015 capex guidance refresh reflects new projects, Geismar revisions, shifts in timing WPZ capex WMB/WPZ capex Expecting 5.8 billion Expecting 8.2 billion 880 million 500 million 550 million for new business 1.4 billion lower…
Atlantic Sunrise provides firm-transportation to move Marcellus gas south to growing markets Significant Zone 6 expansion of Pennsylvania Transco system Maryland Expecting WPZ net investment of Virginia Zone 5 2.1 billion…
Key accomplishments and developments Recent Milestones 2014 Growth Drivers 2015+ Growth Drivers Canadian ethane Commodity prices Full-year effect of recovery project Geismar expansion 2014 growth drivers Constitution draft EIS NE…
Ramping up growth in volumes, services in NE Partners and Investments Gross Dedicated Acres Laurel Mtn Midstream 500,000 ACMP Marcellus 1,700,000 Ohio Valley Midstream 236,000 Susquehanna 150,000 Three Rivers JV 275,000 Total…
Progress toward June restart, expansion at Geismar Secured insurers commitment to pay 125 million second installment in 1Q 2014 Expansion increases annual ethylene production capacity to 1.95 billion lbs. In December 2013, OSHA…
Deepwater projects hit significant milestones Gulfstar One Tubular Bells Keathley Canyon Connector Laying pipe Spar in position Temp deck on location 400 MMcf/d capacity High-potential neighborhoods and additional Wet…
Williams and Williams Partners premier energy infrastructure investments Natural gas infrastructure supercycle; Tailwinds building behind our long-term strategy Large-scale positions, strong competitive advantages Deep, diverse,…
WMB Non-GAAP Reconciliations 2013 The Williams Companies, Inc. All rights reserved.
WMB Non-GAAP Reconciliations WMB non-GAAP reconciliation schedule 2012 2013 (Dollars in millions, except per-share amounts) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year Income (loss) from continuing…
WMB Non-GAAP Reconciliations 2014 forecast guidance reported to adjusted February 19 Dollars in millions, except per-share amounts Reported Adjustment Adjusted Low - High Items1 Low - High Segment profit 2,298 - 2,698 (98)…
WMB Non-GAAP Reconciliations Segment profit guidance reported to adjusted Dollars in millions 2014 Guidance 2015 Guidance Low Midpoint High Low Midpoint High Reported segment profit: Williams Partners (WPZ) 2,292 2,472 2,652…
WMB Non-GAAP Reconciliations WMB adjusted segment profit + DD&A Dollars in millions 2014 Guidance 2015 Guidance Low Midpoint High Low Midpoint High Adjusted segment profit: Williams Partners 2,165 2,345 2,525 2,610 2,830 3,050…
WMB Non-GAAP Reconciliations Reconciliation of forecasted reported income from continuing operations to adjusted income from continuing operations Dollars in millions, except per-share amounts 2014 Guidance 2015 Guidance Low…
WMB Non-GAAP Reconciliations e WMB 2014 schedule of adjustments (Dollars in millions) Segment Profit Adjustments: 2014 Williams Partners (WPZ) Geismar Incident adjustment for i nsurance timing - business i nterruption (104)…
WPZ Non-GAAP Reconciliations 2013 The Williams Companies, Inc. All rights reserved.
WPZ Non-GAAP Reconciliations Reconciliation of non-GAAP distributable cash flow to GAAP net income 2012 2013 (Dollars in millions, except coverage ratios) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year…
WPZ Non-GAAP Reconciliations Adjusted segment profit reconciliation and adjusted segment profit + DD&A 2012 2013 (Dollars in millions) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year Segment profit…
WPZ Non-GAAP Reconciliations Adjusted segment profit reconciliation and adjusted segment profit + DD&A, contd 2012 2013 (Dollars in millions) 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year Adjusted…
WPZ Non-GAAP Reconciliations Segment profit guidance reported to adjusted Dollars in millions 2014 Guidance 2015 Guidance Low Midpoint High Low Midpoint High Reported segment profit: Northeast G&P 195 355 Atlantic - Gulf 630…
WPZ Non-GAAP Reconciliations Segment profit guidance reported to adjusted Dollars in millions 2014 Guidance 2015 Guidance Low Midpoint High Low Midpoint High Adjusted segment profit: Northeast G&P 195 355 Atlantic - Gulf 630…
WPZ Non-GAAP Reconciliations Net income & distributable cash flow Dollars in millions 2014 Guidance 2015 Guidance Low Midpoint High Low Midpoint High Net Income 1,766 1,906 2,046 1,900 2,085 2,270 DD&A 895 920 945 1,010 1,035…
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